Slide Insurance (NASDAQ:SLDE) CEO Sells $2,186,666.14 in Stock

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) CEO Bruce Lucas sold 121,414 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $18.01, for a total transaction of $2,186,666.14. Following the completion of the transaction, the chief executive officer directly owned 37,894,635 shares of the company’s stock, valued at approximately $682,482,376.35. This trade represents a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bruce Lucas also recently made the following trade(s):

• On Tuesday, April 7th, Bruce Lucas sold 114,077 shares of Slide Insurance stock. The stock was sold at an average price of $18.00, for a total transaction of $2,053,386.00.
• On Monday, April 6th, Bruce Lucas sold 136,500 shares of Slide Insurance stock. The stock was sold at an average price of $18.09, for a total transaction of $2,469,285.00.
• On Monday, March 30th, Bruce Lucas sold 135,376 shares of Slide Insurance stock. The stock was sold at an average price of $18.09, for a total transaction of $2,448,951.84.
• On Wednesday, April 1st, Bruce Lucas sold 8,771 shares of Slide Insurance stock. The stock was sold at an average price of $18.01, for a total transaction of $157,965.71.
• On Tuesday, March 31st, Bruce Lucas sold 247,008 shares of Slide Insurance stock. The stock was sold at an average price of $18.10, for a total transaction of $4,470,844.80.
• On Thursday, March 26th, Bruce Lucas sold 178,733 shares of Slide Insurance stock. The stock was sold at an average price of $18.04, for a total transaction of $3,224,343.32.
• On Tuesday, March 17th, Bruce Lucas sold 98,716 shares of Slide Insurance stock. The stock was sold at an average price of $18.44, for a total transaction of $1,820,323.04.
• On Monday, March 16th, Bruce Lucas sold 227,500 shares of Slide Insurance stock. The stock was sold at an average price of $18.13, for a total transaction of $4,124,575.00.
• On Wednesday, March 11th, Bruce Lucas sold 2,730 shares of Slide Insurance stock. The stock was sold at an average price of $17.42, for a total transaction of $47,556.60.
• On Monday, March 9th, Bruce Lucas sold 118,300 shares of Slide Insurance stock. The stock was sold at an average price of $18.23, for a total transaction of $2,156,609.00.

Slide Insurance Price Performance

NASDAQ SLDE traded up $0.15 on Wednesday, hitting $18.10. The stock had a trading volume of 1,399,943 shares, compared to its average volume of 2,671,868. Slide Insurance Holdings, Inc. has a 52-week low of $12.53 and a 52-week high of $25.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market capitalization of $2.25 billion and a price-to-earnings ratio of 7.02. The firm has a 50-day moving average of $17.71 and a 200-day moving average of $17.04.

Slide Insurance (NASDAQ:SLDE) last posted its earnings results on Tuesday, February 24th. The company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.36. The firm had revenue of $347.01 million during the quarter.

Slide Insurance News Summary

Here are the key news stories impacting Slide Insurance this week:

• Positive Sentiment: Company announced completion of a $120 million share buyback, which reduces share count and is typically supportive of EPS and the stock price. Slide Insurance (SLDE) Completes $120 Million Share Buyback
• Positive Sentiment: An analyst write-up (Zacks) highlighted SLDE as one of three mid-cap multi-line insurers with near-term upside potential, which can attract buyers and lift sentiment. Buy 3 Mid-Cap Multi-Line Insurance Stocks to Tap Solid Near-Term Upside
• Positive Sentiment: Recent fundamentals: SLDE reported a solid quarterly beat (Feb 24) with $1.23 EPS vs. $0.87 expected and strong revenue, which supports a higher valuation and investor confidence.
• Neutral Sentiment: Technical/valuation context — market cap roughly $2.25B, P/E ~7, and the stock sits near its 50- and 200-day moving averages; these metrics provide context but are not an immediate catalyst.
• Negative Sentiment: Multiple insider sales: CEO Bruce Lucas, COO Shannon Lucas, a director and another insider executed sizable stock sales April 6–8 (aggregating several hundred thousand shares sold at ~\$18). All trades were reported under pre-arranged Rule 10b5-1 plans (reduces suspicious timing concerns but still can weigh on sentiment when large insiders sell). SEC Filing — Bruce Lucas

Institutional Trading of Slide Insurance

Institutional investors and hedge funds have recently made changes to their positions in the stock. Comerica Bank raised its position in shares of Slide Insurance by 3,462.2% during the 4th quarter. Comerica Bank now owns 1,318 shares of the company’s stock valued at $26,000 after buying an additional 1,281 shares in the last quarter. CWM LLC bought a new position in shares of Slide Insurance during the 4th quarter valued at $35,000. Ameritas Investment Partners Inc. bought a new position in shares of Slide Insurance during the 3rd quarter valued at $35,000. Aster Capital Management DIFC Ltd bought a new position in shares of Slide Insurance during the 4th quarter valued at $47,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Slide Insurance by 4,839.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,519 shares of the company’s stock valued at $49,000 after purchasing an additional 2,468 shares during the last quarter.

Analyst Ratings Changes

Several analysts have recently weighed in on SLDE shares. Barclays raised their price objective on shares of Slide Insurance from $25.00 to $29.00 and gave the company an “overweight” rating in a research report on Wednesday, February 25th. Keefe, Bruyette & Woods raised their price objective on shares of Slide Insurance from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, March 9th. Piper Sandler raised their price objective on shares of Slide Insurance from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. Texas Capital upgraded shares of Slide Insurance to a “strong-buy” rating in a research report on Wednesday, March 18th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Slide Insurance in a research report on Friday, December 26th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $24.40.

Slide Insurance Company Profile

Launched in 2021, we are a technology enabled, fast-growing, coastal specialty insurer. We focus on profitable underwriting of single family and condominium policies in the property and casualty (“P&C”) industry in coastal states along the Atlantic seaboard through our insurance subsidiary, Slide Insurance Company (“SIC”). We utilize our differentiated technology and data-driven approach to focus on market opportunities that are underserved by other insurance companies. We acquire policies both from inorganic block acquisitions and subsequent renewals, as well as new business sales through a combination of independent agents and our direct-to-consumer(“DTC”) channel, through which we sell our insurance products directly to end consumers, without the use of retailers, brokers, agents or other intermediaries.